Short Sellers Pile In: ProShares UltraShort Bitcoin Sees Big Inflow as BTC Slides
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The ProShares UltraShort Bitcoin ETF, SBIT, recorded a hefty inflow of $11,092,005 on January 23, 2026, a move that amounts to roughly 8.33% of its latest assets under management (AUM) of $133.18 million. The surge in capital underscores mounting investor interest in leveraged downside exposure to Bitcoin at a time of renewed volatility in the crypto market.
The latest flow marks a meaningful vote of confidence in bearish or hedging strategies, given that such a large percentage of the fund’s AUM shifted in a single day. For institutional players and sophisticated traders, SBIT’s leveraged short structure offers a way to either speculate on further declines in Bitcoin or protect existing long crypto holdings against drawdowns.
The related asset, BTC-USD, is currently trading at $88,271.69, having dropped about 20.28% over the past three months. The near-term tone remains cautious, with the 1-day technical signal flashing Sell, reinforcing the narrative that some traders expect more downside or, at best, a choppy consolidation phase.
The combination of a sizable drawdown in Bitcoin’s price and a fresh wave of inflows into a leveraged short ETF suggests sentiment is skewing defensive, even as long-term bulls argue that macro adoption trends remain intact. For now, the flows into SBIT highlight how quickly capital can reposition when momentum turns against the world’s largest cryptocurrency.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.